Tag Archives: Warren Buffett

If you open the book full of billionaires’ listed-names alive in the world, Warren Buffett is the regular name on its page. This successful businessman from the United Stated of America has dedicated most of his life as a true entrepreneur as well as a philanthropist. Now, his name -which once was dubbed as the richest man on the planet- is moving on the 3rd position after Jeff Bezos and Bill Gates

Early stage of life

Buffet was born as a second child in Omaha, Nebraska in 1930 from a married couple; Howard Buffet (a congressman aside from being a stockbroker) and a home stay mother, Leila Stahl Buffet. Since his childhood, Buffet has already shown his prodigy in mathematical analysis and business, a talent – which later in his life- would be beneficial to establish his career. At a very young age (11), Buffet tapped into investment business by purchasing shares from Cities Service with 27$ each and put them in sales at %40. Although it was not so profitable, he cited this experience as an important one since he obtained a lot of lessons from it.

His eagerness in doing business continued in his teenager life by running self-held business as a paperboy and selling sheet tip for horseracing. When he attended high school in the capital city, he ventured earning by buying a used pinball machine for $25 that he placed in a barber shop. A few months later, the machined generated so much money that he could use it to buy other 2 machines, generating %12.000.

Warren Buffett education

Warren Buffet’s elementary education started at Rose Hill in Nebraska but finished in Washington D.C which his father had to move there after being elected as a United States congressman. He, then, attended his middle school at Alice Deal. After graduating from Woodrow Wilson High School in Washington D.C, at the age of 16, Buffet enrolled at university of Pennsylvania, studying business. Buffet did not finish his study at Pennsylvania as after two years, he moved to Nebraska, completing his degree. Even though he was a freshly-graduated, at that time Buffet was able to earn nearly $10.000 from his own business.

In 1951, Buffet attained his master degree in economics from Columbia University in which he was taught by Benjamin Graham, a notable American economist. His interest in economics led him to pursue further study at the New York Institute of Finance.

Warren Buffett business

Buffett-Falk & C0 was the place Buffet worked as an investment salesperson from 1951 – 1954. After that, he landed a job at Benjamin’s graham partnership with $12.000 salary per year. In 1956, after ending partnership with Benjamin, Buffet set up his own company Buffet partnership Ltd where he operated three corporations. The company grew bigger by having 6 partners (in 1961, 35% of the company’s assets were invested at Sanborn Map Company).

1962 became the golden year for Buffest since he was acknowledge as a millionaire from his partnerships (more than $1.025.000 belonged to his savings). Using the money, Buffet spent more on investment and eventually took over Berkshire Hathaway. This Warren Buffett company developed into what now is the multi-national conglomerate holding company. 1n 1979, Warren Buffet earned $ 620 million for his net worth.

The investment story continued as some years later Buffet kept on financing several domestic companies such as Washington Post Company, Wesco Financial, Buffalo Evening News, ABC, Salomon Inc. and even The Coca Cola Company. Overseas, investment was made in China (Petro China, BYD Company).

A Multi-Billion Dollars Tycoon

Warren Buffett was firstly entitled as the richest man on the planet by Forbes in 2008 with estimated total net as much as $62 billion dollars, overtaking Bill Gates who had been on the throne for more than one decade. Despite this abundant wealth, Buffet did not have any intention to give much to his kids to the point that they would not do anything. He just wanted to give them sufficient amount. In June 2006, He even donated 83% of his fortune to Bill and Melinda charity foundation, making it as the largest donation ever. Four years later together with Bill Gates, and Mark Zuckerberg (the CEO of Facebook), he signed a promise so-called “Gates-Buffet Giving Pledge” to encourage the billionaires alike to share their fortune with others.

Personal Life

In early 1950’s, Warren Buffett tied the knot to a girl named Susan Thompson at Dundee Presbyterian church. In 1953, their first daughter, Susan Alice was born followed by a son named Howard Graham Buffet on December 16, 1954. Howard Graham named was derived from Howard Buffet – his grandfather and Benjamin Graham – Warren Buffet’s keen professor. The third child – Peter Andrew- was delivered three years afterwards.

In 1977, Buffet and his wife began living separately in 1977 yet remained married until Susan’s death in 2014. Two years later, Buffet married his long-time companion, Astrid Menks.

The Magnate’s “Mansion”

Not all the richest like having big mansion as a shelter, and this seems apply to Warren Buffet. Until now, He has been dwelling at the same house in Dundee neighborhood that he purchased in 1958 for $31.500. Aside from that, another Warren buffett house is found in Laguna Beach, California.

Books About The Billionaire

A Billionaire like Warren Buffett has been definitely an attractive muse for writers. That’s why it is no wonder that we find a lot of books written under his name. In 2008, it was reported that there were 47 books published under his names. Some of Warren Buffett books are The Essay of Warren Buffet: Lessons for Corporate America (the author of this book was Buffet himself), Tap Dancing To Work: Warren Buffet in Practically Everything, Buffet, Making of An American Capitalist, The Midas Touch: The Strategies That Have Made Warren Buffet’ America’s Preeminent Investor and many more.

Now, Warren Buffett is 88 years old and for his long 8 decade life, he’s become a living proof of human’s determination and passion to gain success. Some of Warren Buffett quotes such as “Price is what you pay. Value is what you get”, and “Someone’s sitting in the shade today because someone planted a tree a long time ago” linger in people’s mind thriving for the same route to accomplishment.